Pony Testing International Group Co
Pony Testing Co., Ltd. provides testing, measurement, calibration, inspection, evaluation, factory inspection, and other professional one-stop technical solutions in China. The company offers biopharmaceutical CRO/CDMO and drug testing services; medical device testing; medical testing/pathological diagnosis; toxicology and pathology experiments; food/liquor/beverage testing; agricultural product … Read more
Pony Testing International Group Co (300887) - Net Assets
Latest net assets as of June 2025: CN¥2.90 Billion CNY
Based on the latest financial reports, Pony Testing International Group Co (300887) has net assets worth CN¥2.90 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.49 Billion) and total liabilities (CN¥593.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.90 Billion |
| % of Total Assets | 83.02% |
| Annual Growth Rate | 24.19% |
| 5-Year Change | 69.26% |
| 10-Year Change | N/A |
| Growth Volatility | 37.55 |
Pony Testing International Group Co - Net Assets Trend (2016–2024)
This chart illustrates how Pony Testing International Group Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pony Testing International Group Co (2016–2024)
The table below shows the annual net assets of Pony Testing International Group Co from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.08 Billion | -11.13% |
| 2023-12-31 | CN¥3.47 Billion | -2.36% |
| 2022-12-31 | CN¥3.55 Billion | +75.80% |
| 2021-12-31 | CN¥2.02 Billion | +10.95% |
| 2020-12-31 | CN¥1.82 Billion | +104.95% |
| 2019-12-31 | CN¥888.30 Million | +14.86% |
| 2018-12-31 | CN¥773.41 Million | +20.97% |
| 2017-12-31 | CN¥639.33 Million | +17.42% |
| 2016-12-31 | CN¥544.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pony Testing International Group Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 83.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥892.88 Million | 29.10% |
| Other Components | CN¥2.18 Billion | 70.90% |
| Total Equity | CN¥3.07 Billion | 100.00% |
Pony Testing International Group Co Competitors by Market Cap
The table below lists competitors of Pony Testing International Group Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Hanyi Innovation Technology Co. Ltd. A
SHE:301270
|
$345.76 Million |
|
Hotai Finance Corp
TW:6592
|
$345.78 Million |
|
Beijing Kawin Technology Share-holding Co Ltd
SHG:688687
|
$345.83 Million |
|
Wenzhou Hongfeng Electrical Alloy Co Ltd
SHE:300283
|
$345.83 Million |
|
eClerx Services Limited
NSE:ECLERX
|
$345.56 Million |
|
Jupiter Life Line Hospitals Limited
NSE:JLHL
|
$345.52 Million |
|
Tainan Spinning Co Ltd
TW:1440
|
$345.45 Million |
|
Hunan Huamin Holdings Co Ltd
SHE:300345
|
$345.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pony Testing International Group Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,455,605,020 to 3,068,574,853, a change of -387,030,167 (-11.2%).
- Net loss of 356,312,970 reduced equity.
- Dividend payments of 39,050,620 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-356.31 Million | -11.61% |
| Dividends Paid | CN¥39.05 Million | -1.27% |
| Other Changes | CN¥8.33 Million | +0.27% |
| Total Change | CN¥- | -11.20% |
Book Value vs Market Value Analysis
This analysis compares Pony Testing International Group Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.92x to 2.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥6.23 | CN¥11.95 | x |
| 2018-12-31 | CN¥7.54 | CN¥11.95 | x |
| 2019-12-31 | CN¥8.66 | CN¥11.95 | x |
| 2020-12-31 | CN¥13.31 | CN¥11.95 | x |
| 2021-12-31 | CN¥14.74 | CN¥11.95 | x |
| 2022-12-31 | CN¥12.33 | CN¥11.95 | x |
| 2023-12-31 | CN¥6.33 | CN¥11.95 | x |
| 2024-12-31 | CN¥5.62 | CN¥11.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pony Testing International Group Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.12%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.25x
- Recent ROE (-11.61%) is below the historical average (9.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 18.39% | 12.25% | 1.09x | 1.38x | CN¥45.66 Million |
| 2017 | 15.75% | 9.69% | 1.11x | 1.46x | CN¥36.79 Million |
| 2018 | 16.60% | 10.27% | 1.12x | 1.44x | CN¥51.08 Million |
| 2019 | 14.08% | 9.72% | 0.98x | 1.48x | CN¥36.24 Million |
| 2020 | 8.99% | 11.48% | 0.67x | 1.16x | CN¥-18.33 Million |
| 2021 | 10.91% | 10.98% | 0.72x | 1.38x | CN¥18.29 Million |
| 2022 | 9.07% | 8.53% | 0.82x | 1.29x | CN¥-33.06 Million |
| 2023 | 3.12% | 4.37% | 0.57x | 1.26x | CN¥-237.78 Million |
| 2024 | -11.61% | -23.12% | 0.40x | 1.25x | CN¥-663.17 Million |
Industry Comparison
This section compares Pony Testing International Group Co's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,023,358,595
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pony Testing International Group Co (300887) | CN¥2.90 Billion | 18.39% | 0.20x | $345.71 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Tungkong Inc (002117) | $211.00 Million | 24.79% | 1.36x | $504.60 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.12 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $153.91 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |